Charter

Bimco updates infectious diseases clause

Photo: Scott Graham via UnSplash

By Bimco

The experiences of operating during the Covid-19 pandemic and the challenges this has created have prompted a review of the BIMCO Infectious or Contagious Diseases Clauses (the “IOCD Clauses”).

What is the balance to be struck between owners and charterers in allocating responsibilities and costs during a serious outbreak of a highly contagious disease? This is the question which has been brought into sharp focus for the shipping industry by the Covid-19...

https://www.shippingaustralia.com.au/bimco-updates-infectious-diseases-clause/

Carriers Grow Desperate As Containership Percentage Falls To 0.8%

Carriers are “scraping the bottom of the barrel” for available tonnage, as the percentage of the global containership fleet commercially idle and not in dry dock has fallen to just 0.8%, reports The Loadstar.

Shortage of tonnage

And according to the latest Alphaliner survey, the severe shortage of open tonnage is obliging potential charterers to significantly streamline the assessment process of candidates.

The consultant counted only 56 container vessels, for a capacity of 205,000 teu, as...

https://mfame.guru/carriers-grow-desperate-as-containership-percentage-falls-to-0-8/

Euroseas Discloses New Charter For It’s Container Vessel

Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a new time charter contract for its container vessel M/V “Joanna”, reports Street Insider.

Charter details

M/V “Joanna”, a 1,732 TEU vessel built in 1999, entered into a new time charter contract for a period between a minimum of eighteen and a maximum of twenty one months at the option of the charterer, at a...

https://mfame.guru/euroseas-discloses-new-charter-for-its-container-vessel/

Diana Shipping Inc. Enters Into Charter Contract With NYK Line

  • The gross charter rate is US$15,500 per day, minus a 5% commission paid to third parties, for a period until minimum January 25, 2022 up to maximum March 25, 2022.
  • As of today, the combined carrying capacity of the Company’s fleet, including the m/v Coronis and the m/v Sideris GS  is approximately 5.0 million dwt with a weighted average age of 10.17 years.
  • The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995
Diana...

https://mfame.guru/diana-shipping-inc-enters-into-charter-contract-with-nyk-line/

ASBA Releases New Voyage Charter For Gas Trade

  • BIMCO and the Association of Ship Brokers & Agents Inc. recently released ASBAGASVOY with intended for use for LPG, anhydrous ammonia, and chemical gases.
  • Strict adherence is essential for safety on board and successful completion of the charterparty, and Clause 13 makes for an appropriate inclusion.
  • The new Clause 4 requiring charterers to supply and the owners to discharge cargo at agreed upon temperatures.

During the early days of gas transportation, gas-carrying vessels were built for long...

https://mfame.guru/asba-releases-new-voyage-charter-for-gas-trade/

Carriers eye ‘anything floating’, while boxship charter market looks to MPVs for tonnage

A dearth of containerships for hire on the charter market has potentially brought lucrative opportunities for embattled multipurpose vessel (MPV) owners.
The number of container vessels idled around the world has fallen dramatically, from more than 500 in June to just 92 on 9 November, according to Alphaliner.
Moreover, the majority of these are unavailable for charter, as they are either undergoing scrubber retrofits, are the subject of legal process or, in …

The post Carriers eye ‘anything...

https://theloadstar.com/carriers-eye-anything-floating-while-boxship-charter-market-looks-to-mpvs-for-tonnage/

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